The partnership of Bauer, Ohtani, and Souza has elected to cease all operations and IIquidate Its business property. A balance sheet

drawn up at this time shows the following account balances:

Requlred:

Part A

Prepare a predistribution plan for this partnership.

Part B

The following transactions occur In IIquidating this business:

Distributed safe payments of cash Immediately to the partners. Liquidation expenses of $$8,000$ are estimated as a basis for this

computation.

Sold noncash assets with a book value of $$86,000$ for $$58,000.$

Paid all liabilitles.

Distributed safe payments of cash again.

Sold remaining noncash assets for $$47,000.$

Paid actual liquidation expenses of $$6,000$ only.

Distributed remalning cash to the partners and closed the financlal records of the business permanently.

Prepare a final statement of IIquidation for this partnership using the predistribution plan to determine payments of cash to partners.

Part C

Prepare journal entrles to record the IIquidation transactions reflected in the final statement of IIquidation.

Complete this question by entering your answers in the tabs below.

Prepare a predistribution plan for this partnership.

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.